T-Mobile US to propose significant share buyback: CFO

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T-Mobile sign on top of a T-Mobile retail store in New
York.Thomson
Reuters

BARCELONA (Reuters) - U.S. No.3 carrier T-Mobile US will propose
a "significant" share buyback that could start in December,
finance chief Braxton Carter said on Thursday, a sign of
confidence after the collapse of its merger with Sprint Corp.

Carter, speaking at a Morgan Stanley conference in Barcelona,
said the buyback proposal would be put to the board in about two
weeks. He said Deutsche Telekom, which owns around 64 percent in
T-Mobile, would not tender shares and may even buy stock itself.

The shares would be held in treasury and deployed as acquisition
currency for future M&A deals, Carter also said, highlighting
interest in acquisitions in the so-called Internet of Things or
of regional players.